FUTR Announces 1.5 Million Unit Add-On Financing and Engagement of IC Partners
Newsfile·2025-10-24 13:00

Core Points - The FUTR Corporation has closed an additional 1.5 million Units for gross proceeds of $450,000, increasing the total private placement amount to $6.45 million at a price of $0.30 per Unit [1][6] - Each Unit consists of one common share and one-half warrant, with Warrants exercisable at $0.45 until December 31, 2027 [2] - Net proceeds will be allocated for general working capital and growth initiatives, including potential acquisitions [3] Engagement with ICP Securities - The Company has engaged ICP Securities Inc. for automated market making services, with a monthly fee of C$7,500 [4] - The agreement is for an initial term of four months, automatically renewable unless terminated with a 30-day notice [4][5] - ICP will manage temporary imbalances in supply and demand for the Company's shares, incurring its own costs [5] Offering Details - The Units were offered through a non-brokered private placement, exempt from prospectus requirements, with a four-month hold period until February 24, 2026 [6] - A cash finder's fee of 7% was paid, totaling $31,500, along with 105,000 finder's warrants [7] - The securities are not registered under the U.S. Securities Act and cannot be sold in the U.S. without registration or exemption [8] Company Overview - The FUTR Corporation focuses on consumer data monetization through its AI Agent App, which rewards consumers for sharing data and helps brands improve customer acquisition [11]